40 locations of this chain reassociate
IHOP register his imprint in the south.
IHOP Breakfast Chain APermanently closed about 340 locations this yearBut a fraction of shutter restaurants was only a second line of life after a franchisee deposited in Chapter 11 Protection against bankruptcy.
Suncakes LLC, a subsidiary of Sun Holdings Inc., acquired 41I JUMP Locations in North and South Carolina, Tennessee and Virginia in July. The company has not confirmed a chronology for restaurants to reopen their doors. However, one of the new Ihops recently bought in Gastonia, North Carolina, was already back in business this week, according toA local newspaper. (In touch:9 restaurant chains that have closed hundreds of locations this summer.)
The 41 restaurants had closed when the previous ownerCFRA Holdings filed for bankruptcy in May, citing the pandemic as the main reason for its financial misfortunes. The company has obtained a total of 49 IHOP locations.
Sun Holdings Inc., Hermed by CEO win-win Guillermo Perales, already manages more than 1,000 Arby's, Burger King, Cicip's, Golden Corral, Krispy Kreme and Popeyes, making it one of the largest franchise groups of the restaurant in the USA. Acquisitions represent the first locations of the famous breakfast chain to manage by the company.
"As an owner and operating several iconic brands, Suncakes' investments in IHOP strengthens the strength of our franchise opportunity and the future viability of our company," said President Ihop Jay Johns in aPress release. "We are delighted with Welcome Guillermo and the Suncakes team to the IHOP family and are convinced that their huge expertise in the industry and the brand will undoubtedly give success."
IHOP has suffered from restaurant closures mandated during the pandemic, but the business of the brandrecovered significantly in the second quarter As customers started placing more online orders for pickup and curbside delivery.
The chain recentlyAdded several seasonal items At its menu, including pumpkin spices, milk cookies and pancake pancakes in Cinn-a-battery.
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